JC Master Legal News Issue 1172

Key Takeaways for This Issue

Financial support for new‑type industrialization: the People’s Bank of China and six other departments have issued a joint document.
Recently, the People’s Bank of China, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Finance, the National Administration of Financial Regulation, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued the “Guiding Opinions on Financial Support for New‑Type Industrialization.”
The Hong Kong Stock Exchange’s enhancements to IPO market pricing and public‑market regulations take effect on August 4.
The Hong Kong Stock Exchange has published a consultation summary on its consultation paper to enhance pricing and public market regulations in the initial public offering market, with the new rules taking effect on August 4.
The State Administration for Market Regulation has released the new version of the “Entrustment Contract (Model Text).”
Recently, the State Administration for Market Regulation issued the “Notice on the Issuance of the ‘Entrustment Contract (Model Text)’” to replace the version previously formulated by the former General Administration for Industry and Commerce.
The Supreme People’s Court has released the second batch of typical cases involving foreign-related commercial and maritime mediation.
On August 7, the Supreme People’s Court released the second batch of typical cases involving foreign-related commercial and maritime mediation, involving parties from eight countries.

Finance & Capital Markets
Financial support for new‑type industrialization: the People’s Bank of China and six other departments have issued a joint document.
Recently, the People’s Bank of China, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Finance, the National Administration of Financial Regulation, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued the “Guiding Opinions on Financial Support for New‑Type Industrialization.”
The guidelines make clear that by 2027, the financial system supporting the high-end, intelligent, and green development of the manufacturing sector will be largely mature, with a more diversified range of products. Under the premise of effectively guarding against cross-sectoral financial risks, various financial instruments—including loans, bonds, equity, and insurance—will be more closely coordinated and integrated, and the responsiveness of financial services will be significantly enhanced. Effective credit demand from manufacturing enterprises will be fully met; the number and scale of bond issuances by manufacturing offices will continue to grow, and equity financing levels will see a marked improvement.
The Hong Kong Stock Exchange’s enhancements to IPO market pricing and public‑market regulations take effect on August 4.
On August 1, the Hong Kong Stock Exchange published a consultation summary on its consultation paper aimed at optimizing pricing and public‑market rules for initial public offerings (hereinafter referred to as the “New Rules”). The New Rules came into effect on August 4.
The key enhancements introduced by the new regulations cover three main areas: In the initial public offering market, the minimum allocation share for the bookbuilding and allocation phase has been reduced from the originally proposed 50% to 40%; concurrently, newly listed applicants are permitted to choose either Mechanism A or Mechanism B as the allocation mechanism for their IPO offerings; and in the public market rules, the relevant provisions governing the initial public float and free‑float have been revised.

Commercial & Corporate
The State Administration for Market Regulation plans to issue the “Compliance Guidelines for Metrological Practices of Public Utilities Providing Water, Electricity, and Gas in Urban Areas.”
On August 4, the State Administration for Market Regulation issued a notice soliciting public comments on the “Compliance Guidelines for Metering Practices of Public Utilities Providing Water, Electricity, and Gas in Urban Areas (Draft for Comments),” with the deadline for submitting feedback set for September 3, 2025.
The Guidelines apply to public utilities providing water, electricity, and gas services in urban areas nationwide. They clarify the primary responsibilities of enterprises in metrological management, requiring them to establish and improve metrological management systems to ensure compliance throughout the procurement, verification, use, rotation, and disposal of measuring instruments. Enterprises are required to maintain an inventory of measuring instruments and implement dynamic update management, while also being encouraged to develop information‑based metering management systems for water, electricity, and gas to facilitate data sharing. In response to metrological complaints and disputes, enterprises shall put in place rapid resolution mechanisms to safeguard consumers’ rights and interests.
The State Administration for Market Regulation plans to issue a notice urging food‑sales chain enterprises to fulfill their principal responsibility for food safety.
On August 5, the State Administration for Market Regulation issued a notice soliciting public comments on the “Regulations on the Supervision and Administration of Food Sales Chain Enterprises in Implementing Their Principal Responsibility for Food Safety (Draft for Comments).” The deadline for submitting feedback is September 4, 2025.
The Regulations apply to food‑sales chain enterprises operating within China, clearly defining the food‑safety responsibilities of the headquarters, branch offices, and retail outlets. Enterprises are required to establish mechanisms for daily monitoring, weekly inspections, and monthly coordination to ensure that food‑safety responsibilities are effectively implemented. The headquarters may not transfer food‑safety responsibilities through contractual arrangements and must strengthen procurement and distribution management as well as training for personnel. Enterprises that fail to fulfill their obligations in accordance with these requirements shall be subject to penalties, including fines and suspension of operations.
The State Administration for Market Regulation has released typical cases of quality and technical assistance.
On August 6, the State Administration for Market Regulation released a number of exemplary cases of quality and technical assistance.
The State Administration for Market Regulation has selected seven exemplary cases of quality‑technical assistance, covering industries such as snow boots from Taizhou, Zhejiang; electric motorcycles from Chongqing; commercial kitchen equipment from Binzhou, Shandong; energy‑storage batteries from Xiamen, Fujian; underwater intelligent equipment from Tianjin; and steel products from Anhui. In Case Six, a certain technology joint-stock company specializes in the R&D, manufacturing, and sales of underwater intelligent equipment. However, its procurement of critical components was constrained by foreign markets, severely impeding its R&D and production efforts. The Tianjin Administration for Market Regulation provided support through three measures—issuing an “Analysis and Recommendations Report,” conducting quality‑technical training, and assisting the company with product testing and validation—helping it successfully overcome foreign technological blockades and import restrictions, thereby achieving complete domestic substitution.
Notice from Five Departments on Promoting the Standardized Construction and High-Quality Development of Chemical Industrial Parks
On August 8, the Ministry of Industry and Information Technology and four other departments issued the “Notice on Promoting the Standardized Construction and High-Quality Development of Chemical Industrial Parks.”
The notice requires all provincial-level chemical park designation and management authorities to submit their implementation details for designation and management by August 15, and to complete the review process by September 15. By October 30, they must revise and refine these guidelines and suspend the approval of new chemical parks. The notice also mandates a review of already designated parks, to be completed by the end of 2025. For parks with identified issues, a corrective action ledger must be established; those that fail to meet the requirements by the deadline will have their designation revoked. In addition, the notice underscores the need to conduct tiered assessments of chemical park competitiveness and smart‑city integration, and to develop transformation plans aimed at fostering innovation‑driven, green, and low‑carbon development.
The State Administration for Market Regulation (Standardization Administration of China) has approved the release of a batch of important national standards.
Recently, the State Administration for Market Regulation (Standardization Administration of China) approved and released a batch of important national standards covering areas such as market circulation, energy conservation and environmental protection, and workplace safety.
In the area of market circulation, 29 national standards were issued, covering e‑commerce, product barcodes, and other fields, thereby facilitating the flow of goods and trade. In the logistics sector, nine standards were released to enhance logistical efficiency. In the realm of credit‑based regulation, three standards were promulgated to strengthen the effectiveness of such oversight. In the areas of energy conservation and environmental protection, 18 standards were published to advance green development. With respect to workplace safety, 13 standards were introduced to elevate the level of safety management. In addition, standards were also issued in sectors such as agricultural production and high‑end equipment.
The State Administration for Market Regulation (Standardization Administration of China) has approved the release of a batch of important national standards.
Recently, the State Administration for Market Regulation (Standardization Administration of China) approved and released a batch of important national standards covering areas such as market circulation, energy conservation and environmental protection, and workplace safety.
In the area of market circulation, 29 national standards were issued, covering e‑commerce, product barcodes, and other fields, thereby facilitating the flow of goods and trade. In the logistics sector, nine standards were released to enhance logistical efficiency. In the realm of credit‑based regulation, three standards were promulgated to strengthen the effectiveness of such oversight. In the areas of energy conservation and environmental protection, 18 standards were published to advance green development. With respect to workplace safety, 13 standards were introduced to elevate the level of safety management. In addition, standards were also issued in sectors such as agricultural production and high‑end equipment.

Taxation
The VAT policy on interest income from government bonds and other bonds has been clarified.
Recently, the Ministry of Finance and the State Taxation Administration issued the “Announcement on the VAT Policy for Interest Income from Government Bonds and Other Bonds” (Ministry of Finance and State Taxation Administration Announcement No. 4 of 2025).
The Notice states that, effective August 8, 2025, value-added tax will once again be levied on interest income derived from government bonds, local government bonds, and financial bonds newly issued on or after that date. For interest income on government bonds, local government bonds, and financial bonds issued prior to that date—including any portions subsequently reissued after August 8, 2025—value-added tax will remain exempt until the bonds mature.
The Ministry of Industry and Information Technology has issued an announcement on the catalog of new-energy vehicle models and related tax incentive policies.
On August 7, the Ministry of Industry and Information Technology released the “List of Road Motor Vehicle Manufacturers and Products” (Batch No. 397), the “Catalogue of Energy-Saving and New-Energy Vehicle Models Eligible for Vehicle and Vessel Tax Reductions or Exemptions” (Batch No. 76), and the “Catalogue of New-Energy Vehicle Models Subject to Reduction or Exemption from Vehicle Acquisition Tax” (Batch No. 20).
In accordance with relevant laws and regulations, the announcement has published the latest list of motor vehicle manufacturers and their product catalogs, as well as the catalog of energy-efficient and new-energy vehicle models eligible for reductions or exemptions from vehicle and vessel tax and vehicle acquisition tax. This announcement covers numerous automobile manufacturers, including Seres Automobile, China FAW Group, Dongfeng Motor Corporation, and others, and encompasses a wide range of vehicle types, such as energy-efficient cars, plug-in hybrid electric vehicles, battery electric vehicles, and fuel cell vehicles. Companies are required to produce and sell their products in compliance with these lists in order to avail themselves of the corresponding tax incentives.

LITIGATION & ARBITRATION
The State Administration for Market Regulation has released the new version of the “Entrustment Contract (Model Text).”
Recently, the State Administration for Market Regulation issued the “Notice on the Issuance of the ‘Entrustment Contract (Model Text)’” to replace the version previously formulated by the former General Administration for Industry and Commerce.
The new version of the “Entrustment Contract (Model Text)” aims to enhance the professionalism and standardization of contracts, in compliance with the relevant provisions of the Civil Code. The main revisions include: 1. Clarifying the types of entrusted matters, such as special entrustment, general entrustment, and sub‑entrustment; 2. Specifying the criteria for calculating and the methods of paying the entrustment fees; 3. Defining the ownership of intellectual property rights and setting forth confidentiality requirements; 4. Detailing the rights and obligations of both parties, as well as the liabilities for breach of contract; and 5. Stipulating provisions on contract amendments, termination, and force majeure. The new model text is intended for public reference, and the previous version is hereby repealed.
The Supreme People’s Court has issued guidelines to standardize the enforcement of property-related provisions in criminal judgments.
Recently, the Supreme People’s Court issued the “Opinions on Standardizing the Enforcement of Property-Related Provisions in Criminal Judgments.”
The “Opinions” comprise 31 provisions, covering such matters as the standardized referral of cases to enforcement, enforcement procedures, and criteria for case closure. They emphasize coordination and cooperation both within and outside the courts, promote the development of information technology, and ensure comprehensive oversight throughout the process. The document clarifies the requirements for materials submitted in referral proceedings, seeks to reduce disputes in enforcement, standardizes procedures such as enforcement notices and property inquiries, sets forth criteria for case closure, and mandates that certain types of cases be subject to supervision by the procuratorial organs.
The Supreme People’s Court has released typical cases of crimes involving fraudulently obtaining medical insurance benefits.
On August 5, the Supreme People’s Court released a batch of typical cases involving the severe punishment, in accordance with the law, of crimes related to fraudulently obtaining medical insurance benefits.
This batch releases four typical cases of fraud involving medical insurance, underscoring the need to impose strict legal penalties on such crimes and safeguard the integrity of the medical insurance fund. The cases primarily address the misuse of medical insurance funds by private hospitals through practices such as inflating drug purchase prices, the falsification of laboratory test reports by designated medical institutions to defraud the fund, and individuals exploiting medical insurance cards to obtain prescription drugs illicitly.
The Supreme People’s Court has released the second batch of typical cases involving foreign-related commercial and maritime mediation.
On August 7, the Supreme People’s Court released the second batch of typical cases involving foreign-related commercial and maritime mediation, involving parties from eight countries.
These cases demonstrate the Chinese courts’ ability to achieve efficient, harmonious, and substantive resolution of foreign-related commercial and maritime disputes through mediation. In Case One, parties from Chile, Singapore, and Turkey chose a Chinese court to resolve a dispute over a contract for the carriage of goods by sea, ultimately reaching a settlement. In Case Two, a Hainan‑based fishing company and an international trading office resolved a maritime cargo‑transportation contract dispute through mediation, thereby preserving their cooperative relationship. In Case Three, the Ningbo Maritime Court engaged a foreign shipowners’ mutual insurance association in the mediation process, successfully settling a ship‑collision dispute. Cases Four through Six illustrate how the courts have innovated mediation mechanisms in cross‑border sales‑contract disputes, fostering cooperation between Chinese and foreign enterprises.
Hangzhou, Zhejiang, has adjudicated several landmark cases involving artificial intelligence.
On August 7, 2025, the Hangzhou courts held a media symposium on judicial safeguards for the development of artificial intelligence. The Hangzhou Intermediate People’s Court presented several landmark cases involving AI, including the nation’s first civil public-interest lawsuit concerning “AI face-swapping.”
To date, the Hangzhou courts have accepted 17 landmark cases involving artificial intelligence, including 13 related to copyright and unfair competition disputes, 1 concerning patent rights, 1 involving trade secrets, and 2 pertaining to personal information protection. The courts have explored issues such as the reasonable duty of care owed by AI service providers, the scope of patent protection, and avenues for safeguarding algorithmic trade secrets, with the aim of providing clear, stable, and predictable guidance for the development of the AI industry.
The Ministry of Justice has released the “List of Common Notarization Services for Enterprises (2025 Edition).”
On August 7, the Ministry of Justice of the People’s Republic of China released the “List of Common Notarization Services for Enterprises (2025 Edition).”
The “List” aims to promote the development of notary service enterprises by requiring notary institutions to publicly disclose, either offline or online, information on service offerings, standards, time limits, and fees. It also encourages the formation of specialized teams to establish “green channels,” set up liaison offices or document‑processing service points within enterprises, and implement integrated “Notary Plus” services. The List covers all stages, including establishment, business development, exit, and other phases.

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